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| Cathay Pacific Airways cuts 8,500 jobs |
10/22/2020 |
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About 5,300 employees based in Hong Kong and another 600 elsewhere will likely lose their jobs, and 2,600 unfilled positions will be cut. The cuts are about 24% of the company’s workforce,
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| Justice Department filed antitrust against Google |
10/21/2020 |
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The lawsuit marks the government’s most significant act to protect competition since its groundbreaking case against Microsoft more than 20 years ago. It could be an opening salvo ahead of other major government antitrust actions, given ongoing investigations of major tech companies including Apple, Amazon and Facebook.
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| NATO to setup its own space center |
10/21/2020 |
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“Some nations – including Russia and China – are developing anti-satellite systems which could blind, disable or shoot down satellites and create dangerous debris in orbit. We must increase our understanding of the challenges in space and our ability to address them,”
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| American Airlines start to schedule Max 737 flights for year end |
10/21/2020 |
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A spokeswoman for American said Monday that the airline plans to operate a single daily Max flight from Dec. 29 through Jan. 4 between Miami and New York’s LaGuardia Airport, and American is reviewing its plans beyond that. American will begin taking bookings for the flights on Friday.
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| Small nuclear reactors can backup renewable energy generations |
10/20/2020 |
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“The ideal world for utility companies and their customers, and the most cost-effective, are portfolios containing a high percentage of low-cost renewables, backed up by stable, carbon-free nuclear energy that is available 24 hours a day, 365 days a year.”
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| China tighten sensitive technology export |
10/20/2020 |
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Under the law, China can take “reciprocal measures” toward countries or regions that abuse export controls and threaten its national security and interests.
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| U.S. retail sales jumped 1.9% |
10/19/2020 |
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Much of last month's growth came from clothing stores, where sales rose 11%. At auto dealerships and auto part shops, sales were up 3.6%. And those looking to go camping or buy exercise equipment for their homes sent sales at sporting goods stores up 5.7%.
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| U.S. layoff remains high |
10/16/2020 |
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Number of Americans seeking unemployment benefits rose last week to 898,000, a historically high number and evidence that layoffs remain a hindrance to the economy’s recovery from the pandemic recession that erupted seven months ago.
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| Huawei to divest its low end smartphone unit |
10/15/2020 |
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Embattled Huawei is resetting its priorities in the face of U.S. sanctions and will focus on its higher-end Huawei phones rather than the Honor brand which is aimed at young people and the budget conscious.
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| UPS to add 600 jobs at N.C. hub |
10/15/2020 |
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The package car center in Graham will generate about 450 jobs, while another approximately 140 positions will be created at the hub, according to Gov. Roy Cooper’s office, which along with UPS announced the $316 million investment projects happening over four years.
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| Ikea to buy back and recycle old furniture |
10/14/2020 |
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“A circular economy can only be achieved through investment and collaboration with customers, other businesses, local communities and governments, so we can eradicate waste and create a cycle of repair, reuse, refurbishment and recycling”.
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